Near Protocol Price

Near Protocol employs cutting-edge sharding technology and leverages the power of Proof of Stake (PoS) consensus to achieve instantaneous scalability. Let’s take a look at the core concepts of the protocol.

Decentralized application (dApp) development stands out as a paramount use case within the Near Protocol ecosystem. Armed with the secure and efficient programming language known as Rust, developers can build innovative solutions on the platform. Further bolstering their capabilities, Near Protocol provides a comprehensive suite of developer tools, encompassing smart contract templates and a software development kit (SDK).

By harnessing sharding technology, near protocol achieves the fragmentation of its network into smaller, more manageable subsets known as shards. This pivotal innovation significantly amplifies the network's processing capability, permitting the concurrent execution of multiple transactions.

The remarkable combination of high throughput and low latency exhibited by near protocol positions it as an optimal solution within the ever-expanding realm of blockchain-based gaming. By delivering seamless gameplay experiences and facilitating efficient trading of in-game assets, near protocol enables gaming enthusiasts to indulge in immersive virtual worlds while benefiting from the inherent advantages of a decentralised ecosystem.

Within the domain of supply chain management, near protocol's transparent and immutable characteristics imbue it with tremendous potential as a powerful optimization and authentication tool. Through the utilization of smart contracts, stakeholders can seamlessly trace and verify the movement of goods across the supply chain.

The native token of the platform is NEAR, meaning it is the main token that is required to do anything in the ecosystem. The following events sparked major price movements for near protocol:

NEAR surged from $0.52 to $1.39 on December 31st, 2020, caused by the launch of its mainnet in October 2020. NEAR surged from $1.39 to $6 on January 16th, 2022, caused by the integration of NEAR with Ethereum through the Rainbow Bridge in March 2021. NEAR suffered a crash from $6 to $1.25 on June 20th, 2023, caused by the overall bear market. The current near protocol price is $1.47.

Some of the major factors that have influenced the near protocol value are:

• The development and innovation of the platform into a Blockchain Operating System that enables user-friendly experiences and cross-chain interoperability for Web 3
• The growth and diversity of its ecosystem and community include various projects such as Sputnik DAO, Flux, Mintbase, Paras, and Ref Finance.
• The market conditions and trends of the cryptocurrency market also include competition and collaborations with other projects.
• Any type of regulatory pressure on NEAR.

Near protocol’s price information is available at any authoritative source that provides real-time crypto price information. For instance, sites such as CoinGecko and CoinMarketCap provide up-to-date information and prices for the markets where near protocol is listed.

Near’s price is also displayed on almost all of the major cryptocurrency exchanges that have listed the NEAR token. However, keep in mind that the prices that the exchange displays may differ from the real-time prices shown elsewhere.